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Thursday, October 8, 2026

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Treasury · Thursday, October 8, 2026

Treasury issues its first penalty under rules on U.S. investment in Chinese tech: $200,000

The File desk · Oct 8, 2026, 10:46 AM UTC

Status

Confirmed. Treasury press release sb0652, Oct. 7, 2026. The penalty is the department's first under the

. The description of the statute that expands the program is Treasury's. This desk did not open the statute.

  • Confirmed

    Treasury fined Amidi, LLC $200,000 for failing to notify the department of an investment by a controlled foreign entity in a Chinese artificial-intelligence company.

  • Confirmed

    Treasury said the investment was about $92,478 into Noematrix in April 2025, and that the penalty itself was issued in July.

The United States restricts how Americans invest in Chinese companies working on artificial intelligence, quantum computing, and chips. On Wednesday the Treasury Department disclosed its first penalty under those rules, the

. It fined Amidi, LLC, the parent of the startup network Plug and Play Tech Center, $200,000. Amidi's Chinese fund put about $92,478 into Noematrix, a Shanghai robotics and artificial-intelligence company, in April 2025, and Amidi never told Treasury as required. The penalty itself was issued in July. Treasury said its routine monitoring caught the deal.

The release says Treasury penalized Amidi for failing to submit a required notification of an investment by its controlled foreign entity into a Chinese company working on embodied artificial intelligence. The program has been in effect since Jan. 2, 2025. Under it, Americans must notify Treasury of certain investments in China-linked companies working on quantum computing, artificial intelligence, and chips, and some such investments are banned. That description is from the release. This desk did not open the rule text.

Treasury also pointed to the

, which it says passed on Dec. 18, 2025. The department says the law expands the program to more countries and more kinds of technology. This desk did not open the statute. The link below is the release, not the bill text.

What is still unknown or disputed

Primary sources

Every claim in this story is drawn from the documents below. If a fetch failed, that is recorded on the card.

  1. Source 1

    Treasury Announces Enforcement Penalty for Violation of Outbound Program

    U.S. Department of the Treasury · October 7, 2026

    Treasury penalized Amidi, LLC (Amidi) $200,000 for failing to submit a required notification of an investment by its controlled foreign entity into a Chinese embodied artificial intelligence company.

    https://home.treasury.gov/news/press-releases/sb0652